Fund managers unhappy with AIM scrutiny
Fund managers have raised concerns about the regulation of natural resource companies on the Alternative Investment Market after a wave of flotations which saw oil explorers and commodity companies raise £3bn.
According to the research carried out by London Capital Group for The Telegraph, 40 per cent of all fund managers say they are unhappy with the current level of scrutiny.
LCG chief executive Simon Denham says: “Some of the stock movements within this sectors have been a little suspect to say the least. So it comes as little surprise to hear the call for greater regulation is so strong.”
AIM head Marcus Stuttard says: “We treat regulation of AIM companies very seriously, and have a strong track record of robust enforcement of rules, which are rigorous and transparent. It is important to balance investor protection and the needs of growing companies, and we believe we have this balance right.”